vchiu25 wrote:The website say it has SEC yield of 0.02% as of 07/15/2013 and expense ratio of 16%. What does that mean?
The SEC yield is net of expenses. So the securities held in the fund have a yield of about 0.18%, and after the expenses are taken out, it returns 0.02% to you.
vchiu25 wrote:Should I move my cash to a high yield saving at .85% APY?
That depends. If (1) it's a material amount of money and (2) you don't mind the added complexity of having another account at another financial institution, then yes. If only one of those applies, then maybe. If neither of those applies, then no.
FYI, there are savings accounts yielding more than 0.85%, too, if you want to go that route. http://www.depositaccounts.com/
Don't assume I know what I'm talking about.